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20120925
20121003
Search Results 0 to 2 of about 3 (some duplicates have been removed)
of capital is tied up in government securities. >> what happens if i go to the bank and what my money? >> it might or may not still be there. it is not like the banks would close. they would not be able to lend. it was like four years ago where you were facing massive bank failures. you still get your money but you would not get a loan. your company might not be able to pay you. the soundest companies in the world could not borrow money. >> there is not enough money. >> of course not. we are talking trillions of dollars. i am not saying a united states the fault is tomorrow. bank of america would end and j.p. morgan would close their doors and got out of business. but it is a serious hit into commerce, or what remains of commerce. it is crazy. >> the larger problem here is we need to make very substantial changes in the tax and budget regime we have. very serious changes that will hurt. so nobody wants to do it. the worst thing that happened is we do not do any of them until we have a crisis, a really horrible crisis, and defaulted on the debt would be pretty bad if it were allowed to
Search Results 0 to 2 of about 3 (some duplicates have been removed)